GAIL Capex May Grow By 55% Next Fiscal

GAIL Capex May Grow By 55% Next Fiscal

GAIL (India) Ltd’s capital expenditure is expected to grow by over 55 per cent in the next financial year. Speaking to reporters at the sidelines of an event to announce the Oil and Gas HSE (Health and Safety Executive) Conclave 2018, Ashutosh Karnatak, Director (Projects), GAIL (India), said: “Next year, capex is ₹6,000 crore for pipelines in the financial year 2018-2019.

This investment is to construct another 2,500 km gas pipelines by 2020.” Pipeline addition capital expenditure for the current financial year is expected at ₹3,800 crore. This will include laying pipelines in East and South India. “Kochi-Mangalore pipeline of 380 km length is already under execution,” he added.

Karnataka also said that the company is exploring the use of drones to aid in monitoring its pipeline network. He said: “One drone has been hired on a pilot basis for aerial surveillance of the Hazira-Vijaipur-Jagdishpur pipeline in Madhya Pradesh.” Read More…

Leave a Reply

Your email address will not be published.